PYMNTS

NOVEMBER 19, 2019

Cryptocurrency risk management platform TRM Labs announced that it has raised $4.2 Founded in 2018, TRM helps financial institutions across the US, Latin America, Asia and Europe to measure, monitor and mitigate their cryptocurrency risk exposure, enabling them to simplify customer due diligence and meet regulatory requirements.

cryptocurrency 103

cryptocurrency Risk Management blockchain Capital 103

Abrigo

FEBRUARY 15, 2023

From a transaction-monitoring perspective, the risk and fraud departments should look for rapid transfers between accounts, money mule activity, and transactions with no reasonable explanation for action or source of funds. Institutions should also monitor virtual currency or cryptocurrency transactions for unusual activity.

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Fraud United States Training Trends 195

PYMNTS

MARCH 14, 2019

Strategic Treasurer and TD Bank found in their survey that the majority of respondents said manual processes are their biggest operational challenges today, more so than issues like fraud, regulatory changes or staffing. Most also said payments management is the most time-consuming process, followed by cash forecasting.

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Fraud Survey Taxes Regulation 115

PYMNTS

SEPTEMBER 30, 2018

1) that IdentityMind’s pioneering compliance, risk management and fraud prevention platform has integrated CipherTrace ’s digital currency risk assessment technology. IdentityMind Global announced Monday (Oct.

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Compliance cryptocurrency Risk Management Fraud 144

Abrigo

DECEMBER 19, 2022

Takeaway 1 Effective AML/CFT programs require ongoing training to keep AML and fraud staff compliant. Training materials for anti-money laundering & fraud professionals. Below are some of the most popular resources to help fight money laundering and fraud in 2022. Complimentary AML info. From crypto to cannabis.

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Resources Training Fraud Compliance 195

CFPB Monitor

JULY 27, 2020

cryptocurrency custody services on behalf of customers, including by holding the unique cryptographic keys associated with cryptocurrency.” Through intermediated exchanges of payments, banks facilitate the flow of funds within our economy and serve important financial risk management and other financial needs of bank customers.

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National cryptocurrency Risk Management Regulation 113

PYMNTS

JANUARY 13, 2021

The OCC conditionally approved the charter, meaning Anchorage had to agree to comply with certain capital and liquidity requirements, as well as the OCC’s risk management rules, the release stated. After receiving payments, the conspirators would convert them to cryptocurrency and send that to money launderers abroad, like Iossifov.

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South Dakota Digital Banking Bitcoin cryptocurrency 131

Abrigo

AUGUST 19, 2022

Learn how consolidating AML and fraud departments can solidify your risk management program. Fraud Prevention. What does risk-based CDD mean for your BSA program? Fraud Prevention. Cryptocurrency risks, rewards and red flags for financial institutions. keep me informed. Download whitepaper.

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ATM Regulation Fraud Policies 195

FICO

DECEMBER 17, 2020

Cryptocurrency exchange rates have skyrocketed in the past month. According to a recent report , the total of cryptocurrency related frauds and thefts stands at a staggering $7.69b. billion of losses stemming from fraud, scams, and misappropriation of funds. This includes $2.8 This includes $2.8 by Sebastian Hetzler.

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cryptocurrency How To blockchain Analysis 52

Abrigo

FEBRUARY 25, 2022

Overall, banks, credit unions, and NBFIs should modernize their BSA/AML programs with appropriate risk-based innovative solutions to streamline those processes and use resources efficiently and effectively. Improve your program with insights from the 2021 BSA/AML and Fraud Staff Survey by Abrigo: Top Issues for FinCrime Fighters.

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Regulation Policies Compliance Washington 195

Jeff For Banks

NOVEMBER 28, 2023

Embedded finance : Banking services will be integrated into everyday activities, such as shopping, paying bills, and managing finances. Decentralized finance (DeFi) : DeFi technologies, such as blockchain and cryptocurrencies, will disrupt traditional banking models and create new opportunities for financial inclusion.

United States 91

United States Analytics Risk Management Google 91

South State Correspondent

MAY 9, 2022

Technology platforms around cryptocurrency, student loans, or financial education may be cool and cheap. In costing a project, banks often leave out the cost of internally maintaining the system and the incremental labor effort associated with things like training, marketing, audit, and risk management.

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Technology Customer Experience Data Training 195

PYMNTS

JUNE 27, 2016

“Over the past few years, the rise of new financial marketplaces, globalized eCommerce, cross-border payments, international remittances, and cryptocurrencies have become significant opportunities for banks,” Caldera wrote in a recent report. Not if you ask Jose Caldera, IdentityMind Global’s VP of Product.

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Regulation Guidelines Risk Management Operations 101

FICO

JUNE 23, 2022

The Role of Data in Managing Fraud and Financial Crime Today. Here are the highlights from the fraud management data discussion I had at FICO World 2022 with Julie Conroy, Head of Risk Insights and Advisory at Aite-Novarica Group. How Did the Pandemic Change Fraud? Tue, 07/02/2019 - 02:45. by TJ Horan.

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Fraud Management Data Analytics 52

PYMNTS

JUNE 20, 2019

The last thing that anyone wants to hear in almost any financial organization is that the people tasked with risk management is feeling less than fully confident about their ability to actually do that job — because they aren’t sure if their data is good.

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Data cryptocurrency Regulation Compliance 166

Insights on Business

DECEMBER 19, 2018

In addition, the Federal Reserve and a host of other regulators have released guidance on not only how to address the opportunities of artificial intelligence in financial crime as well as risk management, but what is expected once they look to apply innovative technologies. Heightened supervision expands the aperture.

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Regulation Innovation Risk Management Compliance 111

FICO

MARCH 6, 2020

With the acquisition of Tonbeller in 2015, FICO expanded its fraud portfolio and moved into the growing market for financial crime and compliance solutions to bring the benefits of advanced analytics to a field dominated by rule-based systems. Fraud and money-laundering are closely connected. Can you elaborate on that?

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Compliance Technology Fraud Analytics 81

CB Insights

OCTOBER 20, 2021

Meanwhile, Mastercard acquired CipherTrace , which provides blockchain security and fraud analytics, in September 2021 for an undisclosed sum. In February 2021, Coin Metrics and BitGo (both Blockchain 50 winners) teamed up with accounting giant KPMG to offer a suite of services for public blockchain risk management.

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blockchain Company Management Risk Management 88

Alex Jimenez

NOVEMBER 4, 2023

Risk Management and Fraud Prevention: The continued increase in fraud and the growth of real-time payments drove many discussions about how to improve risk management. Two years ago, the buzz was all about cryptocurrency and blockchain/DLT. The application of AI was highlighted many times.

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Conference Meeting Trends Fintech 65

Independent Banker

NOVEMBER 25, 2015

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. This puts consumer data, and potentially credit ratings, reputations and bank accounts, in jeopardy.

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Community Bank Community Analytics Lending 70

PYMNTS

SEPTEMBER 3, 2018

In June, CNBC reported that Holmes was indicted on criminal wire fraud charges— though she remains chairman of the Theranos board, despite the charges. Cryptocurrencies suffered through a rough day in mid-June, when prices plummeted fast during a few hours and wiped out a total of $15 billion in value. Crytpo’s Big Flash Crash.

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Branding Cards Fraud Company 100

FICO

DECEMBER 23, 2020

In a post-COVID world there will be a renewed focus on operational resilience, as well as a return to the core areas of focus, such as: Enterprise risk management — including proper oversight of significant third-party relationships and partnerships.

Compliance 52

Compliance Regulation Data Risk Management 52

Fintech Labs Insights

SEPTEMBER 21, 2015

The total included one new alum, Praesidio , which will be presenting its security and fraud control integrations at next month’s FinDEVr. Risk management for P2P lending. Tags: Enterprise, security, fraud, risk management, FinDevR 2015 presenter. Year-to-date fintech firms have raised $13 billion.

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New York City San Francisco Company New York 12

Fintech Labs Insights

JULY 23, 2015

Fortress Risk Management. Enterprise risk management services for financial institutions. Using the blockchain for managing records. Using the blockchain for managing records. Argos Risk. Credit risk management tools for small businesses. Source: FT Partners. Latest round: $1 million.

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Company Connecticut Fintech Austin 12

Fintech Labs Insights

SEPTEMBER 19, 2016

million went to Finovate alum Pindrop to further its phone-based fraud solutions. $5 Digtial currency management for small businesses. Phone-based fraud solutions. Alt-credit score & risk management for financial institutions in emerging markets. million to alt-auto-title lender Finova Financial. $17

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San Francisco New York City Company Fintech 12

Fintech Labs Insights

SEPTEMBER 25, 2015

Risk management. Tags: Enterprise, security, regulations, compliance, fraud protection. Source: FT Partners. Distributed financial platform . HQ: San Jose, California. Latest round: $6 million. Total raised: $19 million. Source: WhoGotFunded. HQ: London, England, UK. Latest round: $4.7 million Series A. Latest round: $4.7

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San Francisco Company Fintech San Jose 12

Fintech Labs Insights

AUGUST 22, 2024

Stratyfy: Raised $12M, decision intelligence technology gaining traction, particularly in risk management. Spring 2022 (San Francisco): Array: Credit and identity management platform, seeing increased adoption due to robust features and user-friendly interface. CoinJar: Raised $1.1M

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San Francisco New York San Jose Tools 15

PYMNTS

DECEMBER 9, 2020

Gangs in Latin America are increasingly turning to cryptocurrency to operate illegal trades of drugs, guns, sex and people, Reuters reported. Additionally, institutional customers of crypto lending platform BlockFi can now use bitcoin as collateral in risk-managed loan agreements executed on Fidelity Digital Assets, the release stated.

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Bitcoin Report cryptocurrency Analytics 168

FICO

JUNE 1, 2023

As AI applications are put to work at more complex tasks like managing capacity on power grids and monitoring financial transactions for fraud , all of us at FICO firmly believe that the only type of AI to apply is the responsible, explainable, ethical kind. Models need to generalize and ensure that one behavior doesn’t dominate.

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Training Fraud Customer Experience South Carolina 59

PYMNTS

MAY 19, 2017

We are always focused on managing security and fraud risk. The movement to virtual payments offers buyers and suppliers distinct advantages, including cost savings, fraud and risk mitigation, revenue opportunities, improved cash flow, seamless reconciliation, analytics and access to currencies.

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Innovation Payments Technology Security 123

Gonzobanker

DECEMBER 14, 2023

It will be part of the future of financial services – albeit ultimately delivered by what will become a consolidated group of specialists that have competence in operational risk management and regulatory compliance. The Holy Crap Operational Risk Award – goes to the growing threat of ransomware with bank technology vendors.

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Fintech Community Regional Technology 195

FICO

APRIL 19, 2021

Last month, too, JPMorgan Chase launched a structure note offering to give clients a way to gain exposure to Bitcoin and other cryptocurrencies. In an interesting choice of words, Forbes refers to the offering as a potential “gateway drug,” presumably to direct cryptocurrency investing. Registration for the FICO Virtual Event is free.

cryptocurrency 52

cryptocurrency Bitcoin Compliance Resources 52

Gonzobanker

DECEMBER 19, 2024

Fraud issues were highlighted by sophisticated breach and ransomware attacks. The click_here_this_is_not_a_phishing_email award goes to the fraud and digital banking team at Security Financial Bank in Durand, Wis. If a bank with $830 million in assets can consistently make fraud education a priority, so can others.

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Fraud Fintech Marketing Industry 88

South State Correspondent

DECEMBER 5, 2024

According to a recent survey by Gartner, Revenue growth, margin improvement and better risk management are the top three functional objectives, in order, for next year. Improving treasury management services is a strategic imperative for many banks due to its sheer profitability. more next year than compared to 2024.

Trends 195

Trends Technology Data Apple 195

Abrigo

MARCH 25, 2025

Need short-term fraud or AML staffing relief? This could include heightened attention to cybercrime, transnational crime, or financial fraud. Virtual assets and cryptocurrency regulation The regulatory landscape for cryptocurrency and virtual assets continues to evolve, with a focus on preventing illicit finance activities.

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Compliance Fraud Regulation Policies 195